Key Points
- EverCommerce CEO Eric Richard Remer sold 19,200 shares on January 6 at $11.52 for $221,184, leaving him with 2,760,818 shares (a 0.69% reduction); the transaction was disclosed on an SEC Form 4.
- The January sale is part of a sustained insider selling pattern—Remer sold roughly 163,217 shares across multiple tranches in December and early January, signaling notable ongoing disposition of stock.
- Analyst sentiment is negative-to-cautious with a consensus rating of "Reduce" and an average target of $11, while the stock trades near $12 with a $2.16 billion market cap and a negative P/E.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.10, for a total value of $60,500.00. Following the completion of the transaction, the president owned 2,065,919 shares of the company's stock, valued at approximately $24,997,619.90. This represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Matthew David Feierstein also recently made the following trade(s):
- On Monday, January 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.66, for a total transaction of $116,600.00.
- On Friday, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.37, for a total transaction of $113,700.00.
- On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $109,537.63.
- On Tuesday, December 9th, Matthew David Feierstein sold 9,779 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $97,887.79.
- On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total value of $43,172.00.
- On Monday, November 3rd, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total transaction of $284,500.00.
EverCommerce Stock Down 0.6%
Shares of NASDAQ:EVCM opened at $12.07 on Friday. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.16 billion, a PE ratio of -1,205.79, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. The company has a fifty day simple moving average of $10.49 and a 200 day simple moving average of $10.91.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Royal Bank Of Canada lowered shares of EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 target price for the company. in a research note on Monday. Raymond James Financial cut EverCommerce from a "moderate buy" rating to a "hold" rating in a research report on Tuesday. Lake Street Capital set a $11.00 price objective on EverCommerce in a research note on Tuesday, October 14th. Zacks Research downgraded shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. Finally, Barclays dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, November 10th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $11.00.
View Our Latest Stock Analysis on EVCM
Institutional Investors Weigh In On EverCommerce
A number of large investors have recently made changes to their positions in EVCM. Woodline Partners LP grew its position in shares of EverCommerce by 4.7% in the first quarter. Woodline Partners LP now owns 560,506 shares of the company's stock valued at $5,650,000 after purchasing an additional 25,412 shares during the last quarter. Squarepoint Ops LLC acquired a new position in EverCommerce in the 2nd quarter valued at approximately $595,000. Arrowstreet Capital Limited Partnership lifted its position in shares of EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock worth $7,502,000 after acquiring an additional 547,712 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of EverCommerce by 136.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company's stock worth $862,000 after purchasing an additional 47,470 shares in the last quarter. Finally, Inceptionr LLC bought a new stake in shares of EverCommerce during the second quarter valued at approximately $159,000. Institutional investors and hedge funds own 97.91% of the company's stock.
About EverCommerce
(
Get Free Report)
EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.
The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.
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